| Product Code: ETC5645220 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see a significant volume of expanded polypropylene (EPP) foam import shipments, with key exporting countries being Lithuania, Sweden, Estonia, Poland, and Germany. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period stands at a steady 4.04%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting a consistent dominance of these top exporting countries in supplying EPP foam to Latvia. This data highlights the ongoing importance and stability of these trade relationships in the EPP foam market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Expanded Polypropylene (EPP) Foam Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Expanded Polypropylene (EPP) Foam Market - Industry Life Cycle |
3.4 Latvia Expanded Polypropylene (EPP) Foam Market - Porter's Five Forces |
3.5 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Expanded Polypropylene (EPP) Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and durable packaging solutions in industries such as electronics, automotive, and consumer goods. |
4.2.2 Increasing adoption of expanded polypropylene (EPP) foam in the construction sector for insulation purposes due to its thermal resistance and shock absorption properties. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of EPP foam, such as propylene and other additives. |
4.3.2 Environmental concerns regarding the disposal and recycling of EPP foam, leading to potential regulatory challenges. |
5 Latvia Expanded Polypropylene (EPP) Foam Market Trends |
6 Latvia Expanded Polypropylene (EPP) Foam Market Segmentations |
6.1 Latvia Expanded Polypropylene (EPP) Foam Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Low Density, 2021-2031F |
6.1.3 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By High Density, 2021-2031F |
6.1.4 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Porous PP, 2021-2031F |
6.2 Latvia Expanded Polypropylene (EPP) Foam Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.4 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.5 Latvia Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Expanded Polypropylene (EPP) Foam Market Import-Export Trade Statistics |
7.1 Latvia Expanded Polypropylene (EPP) Foam Market Export to Major Countries |
7.2 Latvia Expanded Polypropylene (EPP) Foam Market Imports from Major Countries |
8 Latvia Expanded Polypropylene (EPP) Foam Market Key Performance Indicators |
8.1 Percentage of EPP foam used in the packaging industry compared to traditional materials. |
8.2 Number of construction projects incorporating EPP foam insulation. |
8.3 Percentage of recycled EPP foam in the overall EPP foam market. |
9 Latvia Expanded Polypropylene (EPP) Foam Market - Opportunity Assessment |
9.1 Latvia Expanded Polypropylene (EPP) Foam Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Expanded Polypropylene (EPP) Foam Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Expanded Polypropylene (EPP) Foam Market - Competitive Landscape |
10.1 Latvia Expanded Polypropylene (EPP) Foam Market Revenue Share, By Companies, 2024 |
10.2 Latvia Expanded Polypropylene (EPP) Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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